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Life insurance should provide its policyholders with the peace of mind that comes from knowing loved ones will be financial secure after their death. However, according to the Life Insurance and Market Research Association, just 44% of U.S. households have individual life insurance plans, and of those, 40% think they are underinsured. Nationwide Financial found that while the average consumer will earn around $1.5 million before they retire, the average life insurance policy benefit is just $300,000. There are several risks to being underinsured:

Not being able to afford a mortgage after the loss of a primary breadwinner could result in the loss of your home or significant downsizing.

Tapping retirement (such as IRAs) and savings to make up for the loss in income can negatively impact your future financial health.

May 11th is Mothers Day. And while tradition holds that a dozen roses, a Swedish massage, and a five-star restaurant are the perfect way to celebrate, these high-ticket gifts arent in everyones budget. Good news: it doesnt matter. Showing your mother you love her is not about how much money you spend on her, but how much time you spend with her. Here are some great ideas for sharing this special day.

Memory Lane

Gather images and mementoes (like concert tickets or newspaper clippings) from your mothers life and create a nice scrapbook thats all about her.

May is National Physical Fitness and Sports month. With the warm, sunny days and longer hours of daylight, its also the perfect month to kick-start your workout routine. Exercise has been shown to have many benefits: it can reduce heart disease and blood pressure, provide an outlet for stress, give you more energy, and just plain feels good! The Department of Health and Human Services recommends getting 30 minutes of exercise every day, but how you get it is entirely up to you. Even if youre not the sporty type, theres probably a physical activity that you find enjoyable. Why dont you…

Life insurance is one of the best ways to protect the financial security of your loved ones. But with so many options available, selecting the policy you need can be a little daunting. Here are the key things you should focus on:

How Much is Enough?

Its important to be adequately insured to support your family. A ballpark figure is 8-10 times your current annual income, but there are a variety of factors to consider when coming up with your benefit amount. Life insurance should do more than just replace your annual salary. Other things to cover include funeral expenses, retirement, and any special needs (like tuition or healthcare) for a spouse or child. SelectQuote has an easy-to-use online worksheet to help you determine exactly what you need.